Packaging

Polyurethane flexible foam market to gain sizable momentum by 2025, APAC to emerge as a prominent revenue pocket

Posted on

Highlighting the rapid developments across the global flexible foam market, it would be pivotal to state the mention the Germany-based global leader in flexible foams, Armacell. Apparently, the firm has recently opened its new manufacturing facility in Bahrain. According to news reports, the facility has an annual operational capacity of 60,000-cu m of technical insulation foam, in turn providing a wide range of insulation solution for the domestic market including elastomeric insulation & high-density materials for HVAC (heating, ventilation, and air conditioning) systems. Industry analysts deem that Armacell’s move to open flexible foam manufacturing facility will not only cater to the strong product demand in the Gulf region, but will also strengthen its foothold in the global flexible foam industry space.

Asia Pacific flexible foam market, By Type, 2018 & 2025, (Million Tons)
 Asia Pacific flexible foam market, By Type, 2018 & 2025, (Million Tons)

This German company, however, is not the only major flexible foam industry player that’s seizing the growing product demand from myriad applications including packaging, construction, furniture & upholstery, bedding, pillows, carpet cushion, mattresses, consumer goods, and automotive interiors.  FRX Polymers Inc., recently for instance has introduced its Nofia non-halogenated polyphosphonates that will be used in UL 94 V-0 high-temp polyurethane flexible foams used in the transportation & electronic industries. For the record, Nofia phosphonate oligomers act as a flame retardant & heat stabilizer in polyurethane flexible foam products and retain mechanical performance.

A statement by FRX claims that the Nofia FR enabled the fire retardant polyurethane foam to conveniently handle higher temperatures – with respect to both, the continuous use temperature and peak temperature. FRX’s launch of Nofia is an apt instance validating the significance of polyurethane as a vital type of flexible foam. The material apparently, is characterized by outstanding features such as light weight, lower installation time, enhanced resiliency, improved cushioning, lightweight, increased shelf life, and durability.

Get a Sample Copy of this Report @ https://www.gminsights.com/request-sample/detail/1735

Elaborating on the extensive deployment of polyurethane for introducing light weightiness in vehicles, it would be prudent to mention that high-density polyurethane foam components can be effectively coated to seem like the original product, and can be manufactured with a closed-cell structure that boasts of being water-tight. Ergo, the component is not susceptible to rotting, delaminating from water intrusion, or warping. PU foam is also equipped with exceptional self-skinning properties, making the product ready for painting or coating. This has consequently increased the deployment of PU foams in myriad automotive and aerospace applications, thereby driving the PU flexible foam market share.

Powered by its excellent characteristics, polyurethane foam is widely used across a spate of industry verticals. As a matter of fact, polyurethane dominated the overall flexible foam market in 2018, with a share of over 60% of the demand. Driven by its innumerable applications in lightweight automotive parts, as thermal insulation products in buildings, in automotive interior components, and as cushioning in beddings, upholstery, etc., polyurethane-based flexible foam industry is slated to traverse alongside a highly profitable growth path in the years ahead.

Speaking of the regional spectrum of flexible foam market, the APAC undeniably, has emerged as a forerunner, a feat that can be credited to the expanding automotive and consumer goods industries in the region. As a matter of fact, the continent boasts of increased expenditure on luxurious consumer goods coupled, thereby fueling the demand for memory foams in mattresses and beddings. The region’s construction industry has also been undergoing a robust expansion of sorts, that has considerably increased the demand for flexible foams in the continent.

Powered by the expanding hospitality industry, specifically across the South-East Asian nations of Thailand, Singapore, Malaysia, Vietnam, and Indonesia, on account of supportive FDI policies, APAC flexible foam market share is anticipated to depict a commendable rise in the years ahead. Indeed, as per estimates, Asia Pacific led the overall flexible foam market share in 2018, accounting for more than 30% of the demand.

As the demand for flexible foams exhibit an incline across a slew of prominent industry verticals, the global flexible foam market is anticipated to gain quite some traction in the years ahead. The industry is also characterized by the launch of highly innovative products by numerous industry contenders. Say for instance, Deacom, Inc., the popular developer of a comprehensive ERP solution, recently concluded an implementation for an innovative PU foam chemical technology manufacturer, Foam Supplies, Inc., with Ecomate®, its patented blowing agent. The new system is expected to provide the technology foundation to manage Foam’s production operations. Aided by a ferocious competitive spectrum and a widespread application landscape, the global flexible foam industry size is set to be pegged at USD 65 billion by 2025.

Author NameSaipriya Iyer

Advertisements

Lithographic printing chemicals market to accrue hefty proceeds from packaging applications, global industry valuation to surpass $17 billion by 2025

Posted on

Owing to the increased demand for high quality and low cost printing, the lithographic printing chemicals market has been steadily growing in conjunction with the development of the packaging, publication and promotion sectors. The ability of printing chemicals to be applied on numerous types of materials and surfaces has particularly cemented their place in global packaging space for producing large quantities of product packaging. The lithographic printing chemicals industry benefits from improved output and a quick turnaround time achieved in lithographic printing, supported with latest technologies for making minute adjustment in images. Rising need for efficient and outstanding packaging options, in addition to the consistent demand for regular publications and increased promotional spending worldwide has pushed the lithographic printing chemicals market revenue, that stood at USD 12.5 billion in 2017.

U.S. Lithographic Printing Chemicals Market Size, By Application, 2014 – 2025 (USD Million)
U.S. Lithographic Printing Chemicals Market Size, By Application, 2014 – 2025 (USD Million)

Essentially, packaging is one of most important aspect of a product development, though it might not be the first part a company works on. The lithographic printing chemicals industry has witnessed tremendous proliferation due to offset printing’s dominance in the folding carton market globally, which serves a wide range of product applications. Manufacturing of folding cartons has always remained stable depending on the prevailing consumer trends and is a mature industry having a foothold in the food & beverages, cosmetics, consumer durables, among other segments. Valued at more than USD 75 billion per year, the global folding carton industry provides vital packaging options made from paper, cardboard, heavy solid board and light corrugated board. The need to apply quality and durable prints on such diverse packaging materials will give a significant boost to the lithographic printing chemicals market.

With the growth of emerging techniques like digital printing, offset printing has still been able to maintain its popularity, mainly attributed to the overall print quality and being more cost-efficient for large volumes. As such, most of the packaged food, perfumes, household product and beer companies use folding cartons that are offset printed, contributing heavily towards the earnings of the lithographic printing chemicals industry. Various packaging firms produce custom lithographic packaging for the beverage industry, for instance, Strong Haven offers custom designs to help brands increase their shelf exposure. It had recently designing a 12 bottle package for a brewing company, which had bold colors and graphics imprinted though lithography, after which the client reported a rise in the sales of its product lines.

Get a Sample Copy of this Report:https://www.gminsights.com/request-sample/detail/2938

The brewing company had credited the packaging as being the primary reason for the sales increase, further propagating the importance of offset printing and invariably, the lithographic printing chemicals market. Separately, Hop Kettle brewery had approached Saxon Packaging in May 2018 to help the company raise funds for the National Thames Path trail, for which Hop Kettle was to become the official beer. To support the brewery, Saxon developed litho printed beer gift packs and Hop Kettle expected to draw more customers through packaging which housed 3 beer bottles. Most major alcohol brands also use litho-printed folding cartons for packaging their products, indicating the massive growth potential of lithographic printing chemicals market.

Besides beverage, packaging companies catering to the food snacks sector also make extensive use of lithographic printing presses to make cartons and boxes for popular brands. They also invest in installing the newest machines which will help them in expanding production capacities and provide better packaging options to customers. Accurate Box, is a provider of high-quality graphics for corrugated packaging being used by major global brands like PepsiCo and Kellogg’s, and is one of the largest litho-based packaging companies in the U.S. At the end of June 2018, the company added a new Koenig & Bauer Rapida 164 seven-color press for enhancing production capacity, speed and computerized quality systems. The machines is very effective in matching shades and images depending on the brands and has advanced color control capability along with quality measuring system.

All in all, with a worldwide surge in the consumption of food, beverages, fragrances and other products, the proportional increase in need for cost-efficient and aesthetically advanced packaging will propel the lithographic printing chemicals industry enormously. TCI Graphics, SICPA Holding SA, DIC Corporation, Flint Group, Siegwerk Druckfarben AG & Co., Huber Group and Tokyo Printing Ink Company are some key players in the global lithographic printing chemicals market, which is anticipated to reach more than USD 17.5 billion in remuneration by 2025.

Author NamePankaj Singh

Polyglycolic acid market to witness phenomenal proceeds in the U.S., shale gas extraction to drive the regional trends

Posted on

Being one of the biggest beneficiaries of the developments in tissue bioengineering, polyglycolic acid market has garnered hefty proceeds in the medical sector. In fact, as per reliable estimates, the medical fraternity contributed to more than 60% of the overall polyglycolic acid market size in 2016. Widespread adoption of absorbable sutures has been a chief driver of the increasing demand for PGA from this sector. Reportedly, the global surgical suture market is already a billion-dollar space and is anticipated to witness remarkable growth in the ensuing years.

U.S. polyglycolic acid market size, by application, 2013 – 2024 (USD Billion)
U.S. polyglycolic acid market size, by application, 2013 - 2024 (USD Billion)

Elaborating further on the application arena of polyglycolic from medical space, tissue engineering, biodegradable bone graft polymers, transplantation procedures, cell culture, etc. are some of the renowned opportunistic areas generating a massive demand for PGA. Due to the biodegradable properties of PGA, it has been categorized as one of the most widely used biodegradable bone graft polymers. For the records, the global biodegradable bone graft polymers market is projected to witness a CAGR of 7.5% over 2017-2024.

Tissue engineering is also anticipated to provide a remarkable impetus to PGA market share, on grounds of the material being recognized as an outstanding support for tissue development. Speaking along similar lines, fiber form of PGA has been prominently used in the medical applications over the recent years, having held 40% of the overall polyglycolic market landscape in 2016.

Get a Sample Copy of this Report:@https://www.gminsights.com/request-sample/detail/2415

However, despite the medical applications holding a major chunk of polyglycolic industry size, the contributions of shale gas extraction and packaging domains has also been commendable. PGA has been widely adopted in shale gas extraction driven by its operational efficiency and cost reduction capabilities. In fact, as per a report by Global Market Insights, Inc. this sector is estimated to be catalogued as the fastest growing application of PGA market, with a target CAGR of 8% over 2017-2024.

In terms of geographical standards, North America stood as one of the biggest recipients of this application growth and led the overall PGA market in 2016. For the records, North America procured 60% of polyglycolic acid industry size in 2016, with U.S. as a chief revenue pocket. Allegedly, the United States, driven by its recorded shale gas production, has been classified as a prominent facilitator of the global energy change. As per the U.S. EIA, the country’s natural gas consumption is estimated to reach 31.6 TcF by 2040. 56% of this growth is believed to be driven by upward development in shale gas production.

Europe is also forecast to stand tall in the regional hierarchy with an estimated annual growth rate of 8% over 2017-2024. The regional growth can be credited to the food packaging applications, which is predominantly focusing on recyclable and biodegradable solutions. Citing a relevant instance, RefuCoat, the EU-funded project, recently created quite a buzz in the regional polymer market landscape. Reportedly, the project aims at deploying high-performance coatings to develop completely recyclable food packaging endorsed with improved functionalities and gas barrier properties.  The move will provide a significant push to the Europe polyglycolic acid market trends, on grounds of the aforementioned hybrid coating comprising PGA and modified silica oxide as the key materials.

In this context, it is imperative to mention that the packaging applications have also been a prominent driver of global PGA industry trends, driven by the product’s excellent biodegradability and flexural strength. PGA has seen a remarkable rise in its demand curve with its proven benefits over conventional plastics. As per estimates, 30% of the PGA industry application landscape was procured by packaging sector in 2016. Film form of PGA has been extensively used in packaging applications and is estimated to record a CAGR of 8.5% over 2017-2024.

All in all, the profitability matrix of PGA market is projected to remain high with the sustainability and biodegradability trends becoming mainstream. The competitive landscape is likely to be monopolistic, synonymous to that in 2016, with Kureha Corporation as the leading player. In terms of commercialization potential, global polyglycolic acid market is slated to surpass a revenue of USD 9 billion by 2024.

Author Name : Shikha Sinha

Wax market to chronicle itself in the multibillion dollar business space, heavy product demand from the candle manufacturing and cosmetics sectors to stimulate the industry growth over 2017-2024

Posted on

The crux of business growth in recent times has been extensively attributed to the vast expanse of R&D programs. Wax market, in this regard, has also been experiencing a transformation, given that as a long-in-existence organic compound, wax has found massive applications in numerous end-use domains. A couple of years ago for instance, a research group from the Colorado State University published a study related to edible superhydrophobic coatings from FDA-approved carnauba and beeswax for the food packaging domain. Traditional wax like beeswax or tallow wax and synthetic wax like paraffin wax have been a part of the wax market landscape since its inception. However, now, with the increasing scarcity of fossil fuels, hydrogenated vegetable wax has also marked its debut in this business space. With the advancement of technology and increasing human endeavor for innovation, wax industry has depicted commendable progress through the product’s varied usage in packing, cosmetics and candle-making industries.

U.S. wax market size, by product, 2013 – 2024 (USD Million)
U.S. wax market size, by product, 2013 - 2024 (USD Million)

The candle-making industry has been one of the major and ancient drivers for wax market. While the traditional usage of candles as a chief source of light after sundown does not really exist anymore, the candle manufacturing sector still remains a multimillion dollar business. Aided by the presence of the internet and social media, the trend of manufacturing decorative and scented candles has taken shape, added a new dimension to the growth of the candle producing domain, which in consequence has impelled wax industry size from candle manufacturing. With the evolution of myriad candle types, candle manufacturing has witnessed numerous changes over the centuries. At present, candle manufacturers not only use paraffin and fossil-based wax but also synthetic, bio-based and natural wax, which adds to the multi-dimensional growth of wax industry.

Get a Sample Copy of this Report:@https://www.gminsights.com/request-sample/detail/2407

Besides candle manufacturing, the cosmetics domain also acts as a momentous driver for wax market. In a world that is becoming increasingly obsessed with self-image and beauty, cosmetics sector is set to witness massive growth in next few years, a factor that will positively impact wax industry share over 2017-2024. Rise in disposable incomes and an inclination toward beauty has spurred the demand for better skin and personal care products. Owing to drastically changing climatic conditions, consumers have also been demanding natural and ecofriendly cosmetics in the interest of health and environmental ramifications. These shifting trends, in consequence, will inevitably provide the much-needed boost to wax market expansion. Given how extensively wax is used in the manufacturing of lipsticks, mascaras, lip balms, lotions, eye pencils, and creams, the cosmetics and candle-making sectors are likely to vie with one another in terms of which domain would be most lucrative for impelling global wax market size.

It is prudent to mention that wax industry also receives significant stimulus through the use of wax in food packaging, since the product is an effective medium to create a protective barrier between food and deteriorating factors like moisture and humidity. It not only provides a preservative seal but also adds a glossy sheen on food items like fruits, nut seeds, and fertilizers. Wax coatings also help in delaying ripening, loss of internal moisture, and prolonging shelf life in general, thus expanding the scope of wax market from food packaging.

The FDA has approved the use of wax as an edible coating to be safe, non-toxic, and hypo-allergenic. In response, wax is majorly used to coat whole fruits like avocados, mangoes, pomegranates, melons, apples, and papayas and as a glazing agent for nuts. Indeed, this provides another growth avenue for wax market expansion from the food packaging domain.

Wax market is likely to face a major hindrance in the form of fluctuations in raw material supply and prices. With fossil fuels becoming scarce, wax products that depend solely on petroleum or crude oil for their production are becoming costlier. However, wax industry is rife with innovations related to the manufacture of synthetic waxes that use bio-based materials and are more eco-friendly than conventional wax products. With global economies becoming stronger by the day and the rising per capita income, wax market is estimated to garner significant profits over the ensuing years.

Author Name : Paroma Bhattacharya

APAC Pressure sensitive labels and tapes market to witness significant momentum over 2017-2024, food and beverage sector to drive the regional end-user landscape

Posted on Updated on

3M, one of the most acclaimed players in pressure sensitive labels and tapes market, has officially launched 3M™ FWBT (Fire and Water Barrier Tape), specially designed for firestopping in construction.  Reportedly, FWBT is integrated with pressure sensitive adhesives, that have the credibility to stick to a wide platter of construction substrates including damp surface both at low as well as high temperatures. Claimed as a revolutionary extension of the existing products encompassing the pressure sensitive tapes and labels industry, FWBT is reported to be the first of its kind that comprise self-adhered membranes to provide an elastomeric tough seal. In fact, the product range, as per experts’ opinion, is deemed to garner a mass popularity in a wide range of site applications, subject to its flexibility in the size range spanning 51 mm-303 mm in width and 22.8 m in length. Reportedly, the newly launched ASTM and NFPA approved pressure sensitive tapes, that can be utilized for a diversified range of customized applications, as per experts’ opinion, in all plausibility, would bring a disruption in the entire pressure sensitive tapes and labels industry.

U.S. Pressure Sensitive Tapes & Labels Market Size, By End-user, 2013 – 2024 (USD Billion)
U.S. Pressure Sensitive Tapes & Labels Market Size, By End-user, 2013 – 2024 (USD Billion)

With technology making a strong footprint in packaging sector, it won’t be irrefutable to declare that the development of pressure sensitive labels and tapes market is heavily influenced by the changing trends of flexible packaging industry. As per estimates, global flexible packaging industry is claimed to cross a humougous revenue of USD 250 billion by 2024, validating a slew of opportunities for pressure sensitive labels and tapes market players.  With global population treading toward sedentary lifestyle such as long working hours, packaged food consumption has not only upscaled in developed economies but also emerging countries. In consequence, this has led to an escalating demand for pressure sensitive labels and tapes market, given the fact PSA (pressure sensitive adhesives) is a one stop solution to many requirements including metalized PET or customized removable packaging.

Get a Sample Copy of this Report:@ https://www.gminsights.com/request-sample/detail/383

Regionally, Asia Pacific undoubtedly stands at the vanguard of pressure sensitive tapes and labels industry, amply evidenced from reliable statistics. According to some trusted reports- APAC flexible packaging market attained a valuation of USD 35 billion in 2015- a mammoth figure that parallelly sets the ground lucrative for the regional pressure sensitive labels and tapes market. Growing urban population level and subsequent improvements in consumer lifestyle, along with profound developments in retail infrastructure serve to support the increasing demand for packaged food across this belt, China, Indonesia, India, and Thailand in particular. In fact, statistics claim, globally, India is one of the rapidly emerging packaging markets, with a valuation of USD 40 billion in 2016. Needless to mention, with significant proliferation in food packaging sector, the demand for sealing materials with superior bonding properties has also witnessed a marked rise, which has undeniably stimulated pressure sensitive labels and tapes market. As per estimates, the regional pressure sensitive tapes and labels industry is slated to record a y-o-y growth of 7% over 2017-2024.

it is imperative to mention that one of the major restraining factors deterring pressure sensitive tapes and labels industry growth from packaging applications is the environmental concerns associated with plastic film based pressure-sensitive tapes.  Concerns related to life cycle analysis, emission level, recyclability, performance, and compatibility of these tapes are prompting the market players to come up with competitive alternatives like hot melt pressure sensitive tapes. However, in this regard, experts claim, when pressure sensitive tapes are utilized for the closure of corrugated containers, these tapes do not interfere in the recycling process, ensuring the environmental sustainability. With an escalating demand for corrugated box packaging in tandem with a strict regulatory frame of reference in place, pressure sensitive tapes and labels industry is forecast to cross a mammoth valuation of USD 150 billion by 2024.

Author Name : Satarupa De

Masterbatch market to accrue lucrative proceeds from automotive sector over 2018-2024, capacity expansion plans to drive the global industry progression

Posted on Updated on

The swift emergence of masterbatch market on the global business landscape can primarily be attributed to the ever-rising demand for masterbatches in a host of end-user sectors including automotive, agriculture, consumer goods, construction, and packaging among others. The rapid expansion of these end-user industries has, in turn, vigorously augmented the pace at which the masterbatch industry has been progressing in the recent times.

U.S. Masterbatch Market Size, By End-user, 2013 – 2024 (USD Million)
U.S. Masterbatch Market Size, By End-user, 2013 – 2024 (USD Million)

Moreover, in a bid to enhance the quality of the existing bio-degradable masterbatches, which are predominantly utilized to manufacture agricultural films, a range of prominent masterbatch industry participants have been initiating a sizeable number of research and development activities which has further embellished the growth potential of this business space. As a consequence of the aforementioned factors, the overall masterbatch market has, of late, been garnering considerable recognition as one of the most fledgling and promising verticals of the worldwide polymers and advanced materials industry.

The consistent research and development activities being undertaken to develop advanced tech has eventually improved the application of polymers as an alternative to traditional auto parts made of metal. This has necessitated the increased production of polymer auto parts in the automotive industry, given that they provide better durability and high strength. Moreover, the massive investments being made to develop electric vehicles would further drive the masterbatch market size expansion. Owing to the aforementioned factors, the automotive industry, out of all end-user industries, seized a commendable share of the masterbatch market revenue share in the year 2017. As per reliable reports, the masterbatch industry size from automotive sector is projected to record an appreciable y-o-y growth rate over 2018-2024.

Get a Sample Copy of this Report:@ https://www.gminsights.com/request-sample/detail/2362

Concurrently, it is rather imperative to take note of the fact that the leading industry participants appear to be optimistic pertaining to the prospective growth of the global masterbatch market size. Apparently, as a result of the increased optimism, it is being observed that a number of preeminent market players have been investing heavily to expand their current production capacities to cater the growing product demand from the diverse end-use industries arena. Following are a few instances which demonstrate the growing prominence of expansion strategies that are being undertaken across the globe:

  • The U.S. based plastics material and resin manufacturing firm A. Schulman, for instance, has recently made it to the headlines for expanding its current capacity for color masterbatch production in Europe. The firm, regarded as one of the major masterbatch industry players, has reportedly announced to add three additional extruders to its manufacturing plants in Italy, Hungary, and Poland. This expansion, according to industry analysts would complement the firm’s existing manufacturing facilities and competence centers where customized color masterbatches are developed. Needless to say, this proactive move by A. Schulman would undoubtedly boost the masterbatch market size in Europe.
  • Switzerland headquartered specialty chemicals manufacturer, Clariant has recently inaugurated its new cutting-edge masterbatch production plant in Saudi Arabia. The facility, a joint venture between Clariant and the Kingdom’s leading plastic products manufacturer Rowad, is being built in Yanbu Industrial Zone and would chiefly focus on white masterbatches production. The additional capability would allow the firm to accentuate its profitability quotient and extend its masterbatch market share in the Middle East and Africa region.

Owing to the vast expanse of end-user industries coupled with the efforts that are being employed by the foremost masterbatch industry giants to expand their reach across the globe, it is anticipated that this business space would undergo remarkable alterations in the immediate future. According to a report collated by Global Market Insights, Inc., masterbatch market size is anticipated to surpass a total remuneration portfolio of USD 13 billion by 2024.

Author Name : Saif Ali Bepari

Painting tools market to witness remarkable gains from the automotive applications, spray guns to prominently drive the product landscape

Posted on Updated on

Considering the remarkable contribution of paints & coatings across myriad industrial domains, painting tools market is gaining popularity across the construction, automotive, packaging, and wood coatings sectors to fulfil the requirement of aesthetics via paint application. The advent of automation and the numerous technological advancements coming to the fore by the day have led to the introduction of improved painting techniques. For instance, various automotive giants have of late, attempted to implement robot assisted paint shops, subject to the complications arising in the manual painting process. In addition, robotic painting also reduces the elements of excess labor and toxicity, owing to which companies have been trying to invest in and commercialize robots for industrial painting, thereby augmenting painting tools market share. Such advancements in the operational processes may lead to an increase in productivity and enable convenient utilization of painting techniques, thereby boosting painting tools industry outlook over the years ahead.

North America Painting Tools Market, By Product, 2018 & 2025, (USD Million)
North America Painting Tools Market, By Product, 2018 & 2025, (USD Million)

Growing industrialization and urbanization across the various regions of the globe are likely to fuel the demand for painting tools. Brushes, rollers, gun sprays, etc., are some of the crucial and commonly used painting tools. Various regional governments and private organizations across the globe have been investing heavily in infrastructure developments, subject to the requirement for paints that will prevent chemical attacks, abrasion, and enable protection from UV rays. Nowadays, different types of coatings are available for different kinds of surfaces, which necessitates the requirement of various types of tools. Increasing usage of paints is thus, likely to favor global paints and coatings market, and by extension, will impel painting tools industry share noticeably.

Painting tools market share from construction applications is predicted to witness a CAGR of 6% over 2019-2025, owing to the increasing industrialization and escalating housing need of the rapidly growing population. As per Global Market Insights, Inc., “Worldwide painting tools market will generate a revenue of more than USD 15 billion by 2025.”

Apart from the construction, the product finds applications in the automotive sector as well. Various automotive manufacturing companies such as Audi, Volkswagen, Opel, BMW, and Mercedes-Benz have been using painting tools to improve the appearance of the vehicle via painting. The products are prominently used across Europe, since the region has a strong base of automotive giants. Statistics claim Europe painting tools industry to have garnered a revenue of USD 2 billion in 2018.

Get a Sample Copy of this Reporthttps://www.gminsights.com/request-sample/detail/1843

Industrial painting is a rather complex process and requires the usage of highly efficient tools. Painting tools industry giants have been focusing on development of eco-friendly and efficient spraying tools of late, to ease the process of painting. In fact, the electrostatic manual spray gun is one of the emergent technological advancements in spraying tools. With the introduction of new advanced materials such as the Graco designed FRP based spray gun, which is light, reliable, and low maintenance, the complications in the painting process for automobiles has considerably been reduced. Reportedly, spray guns held more than 20% of the painting tools product landscape in 2018, largely driven by their applications in automotive sector.

Industry giants are engaging in strategic collaborations and mergers & acquisitions to widen their customer base across numerous geographies. The key players in painting tools market are Braun Brush Co., Gordon Brush, Richard Tools, EPOS Egypt, Dura Paints, Purdy®, Milton Brushware, MAAN, Mill-Rose Company, Nespoli Group S.p.A, USA Tools, Anderson Products, Shawky Brush & Roller Factory, Harbor Freight Tools, Makinah, and Allway Tools, Inc.

Author Name : Sunil Hebbalkar